Airgain (NASDAQ:AIRG) Price Target Raised to $12.00

Airgain (NASDAQ:AIRG) had its price target increased by Craig Hallum from $8.00 to $12.00 in a research note published on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

Separately, Northland Securities restated an “outperform” rating and set a $11.50 target price (up previously from $8.00) on shares of Airgain in a report on Wednesday.

Airgain Stock Down 1.9 %

Shares of NASDAQ:AIRG opened at $9.35 on Wednesday. Airgain has a 52-week low of $2.25 and a 52-week high of $10.34. The stock has a market cap of $105.66 million, a P/E ratio of -8.20 and a beta of 0.69. The business’s 50 day moving average is $8.60 and its 200 day moving average is $7.09.

Institutional Investors Weigh In On Airgain

A number of institutional investors have recently modified their holdings of AIRG. First Eagle Investment Management LLC grew its position in shares of Airgain by 8.3% during the 1st quarter. First Eagle Investment Management LLC now owns 426,634 shares of the technology company’s stock valued at $2,325,000 after acquiring an additional 32,521 shares during the period. Renaissance Technologies LLC grew its position in shares of Airgain by 0.8% during the 2nd quarter. Renaissance Technologies LLC now owns 352,336 shares of the technology company’s stock valued at $2,128,000 after acquiring an additional 2,800 shares during the period. US Bancorp DE grew its position in shares of Airgain by 3.7% during the 3rd quarter. US Bancorp DE now owns 66,641 shares of the technology company’s stock valued at $502,000 after acquiring an additional 2,400 shares during the period. Finally, Farther Finance Advisors LLC grew its position in shares of Airgain by 195.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 36,277 shares of the technology company’s stock valued at $274,000 after acquiring an additional 24,000 shares during the period. 52.76% of the stock is currently owned by institutional investors and hedge funds.

Airgain Company Profile

Airgain, Inc provides wireless connectivity solutions that creates and delivers embedded components, external antennas, and integrated systems worldwide. The company's products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; profile ceramic embedded antenna; ultra embedded antennas; and SmartMax embedded antennas.